Paul Hastings Advises Banks on the Financing of Wayne Fuel Systems Acquisition by Riverstone Holdings
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets Inc., UBS Securities LLC, Credit Suisse Securities (USA) LLC and BNP Paribas Securities Corp., as joint bookrunners and joint lead arrangers in connection with the financing for the acquisition of Wayne Fuel Systems, LLC, a manufacturer of petroleum fuel and compressed natural gas (CNG) dispensers and other fueling equipment, by affiliates of private equity firm Riverstone Holdings LLC from General Electric Corporation.
The financing consisted of a $75 million revolving credit facility, a $285 million first lien term loan and a $100 million second lien term loan, the proceeds of which were used to fund the purchase.
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